President urges the US to boost policy coordination at G20

President Xi Jinping said on Tuesday that he expects to exchange views on key issues with his United States counterpart Barack Obama during the G20 summit in China in September.

Xi also called on the US to strengthen macroeconomic policy coordination with China to inject confidence and new impetus into the world economy during the summit in Hangzhou, Zhejiang province.

He made the appeal at a meeting with the US delegation to the annual China-US Strategic and Economic Dialogue in Beijing, which ended on Tuesday.

At the two-day event - the highest-level formal dialogue between the world's top two economies - more than 100 agreements and deals were signed in strategic areas and more than 60 in economic sectors.

Xi urged the two governments to ensure these achievements produce quick results to benefit the two peoples.

He said there are many things that China and the US can work together on, and both nations should do more for the good of Sino-US cooperation.

The president added that the two countries could enhance cooperation in areas including trade, clean energy and environmental protection.

"In terms of the disagreements that exist between China and the US, the key is to respect each other's core interests and important concerns," Xi said, adding that the two nations should control their disputes constructively.

Premier Li Keqiang, who also meet with US representatives, said China is willing to promote a continuous, healthy and stable bilateral relationship with the US by strengthening strategic mutual trust, expanding channels for cooperation, promoting people-to-people exchanges and managing differences constructively.

US Secretary of State John Kerry said this round of the dialogue is the last one for the Obama administration, and it has special significance.

"The US-China relationship is absolutely vital - it may well be the most consequential bilateral relationship for nations in the world," Kerry said. He added that the strategic and economic dialogue is an essential mechanism for both countries to manage differences and expand cooperation.

Zhiqun Zhu, associate professor of political science and international relations and John D. MacArthur, chair of East Asia politics at Bucknell University in the US, said the dialogue contributes to the growing maturity of the relationship and sets the basic tone for cooperation between the two countries.

No matter who the next US president is, such crucial dialogue mechanisms must be maintained to ensure stability and continuity of the relationship, he said.

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Dialogue outcomes

Both countries will boost communication, focus on cooperation, and treat divergences properly. They will work closely to make the G20 summit in September a success.

They agreed to achieve new development of ties between the two militaries, boost policy dialogue, increase interaction, bolster trust, and embark on more drills and training.

They will enforce cooperation on anti-terrorism, cyberspace, judiciary and law enforcement, return of fugitives and illegal assets, energy, the environment, customs, hygiene, aviation and maritime protection.

China and the US agreed to speed up negotiations on a bilateral investment treaty.

China agreed to grant the US 250 billion yuan ($38 billion) under the Renminbi Qualified Foreign Institutional Investor program and assign one qualified bank in each nation as a RMB clearance bank.